Strs Ohio Makes New $542,000 Investment in Excelerate Energy, Inc. $EE

Strs Ohio purchased a new position in shares of Excelerate Energy, Inc. (NYSE:EE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,900 shares of the company’s stock, valued at approximately $542,000.

A number of other institutional investors have also modified their holdings of EE. Nuveen LLC acquired a new position in shares of Excelerate Energy in the first quarter valued at approximately $7,102,000. Wellington Management Group LLP purchased a new stake in Excelerate Energy during the fourth quarter worth $5,921,000. Russell Investments Group Ltd. boosted its position in Excelerate Energy by 45.9% during the first quarter. Russell Investments Group Ltd. now owns 435,948 shares of the company’s stock worth $12,503,000 after purchasing an additional 137,120 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Excelerate Energy during the first quarter worth $2,886,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Excelerate Energy by 27.5% in the first quarter. Goldman Sachs Group Inc. now owns 442,764 shares of the company’s stock valued at $12,698,000 after acquiring an additional 95,565 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.

Excelerate Energy Trading Down 1.3%

NYSE:EE opened at $24.03 on Monday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $24.45 and its two-hundred day moving average is $26.89. The company has a market cap of $2.74 billion, a PE ratio of 17.67 and a beta of 1.38. Excelerate Energy, Inc. has a 52 week low of $20.28 and a 52 week high of $32.99.

Excelerate Energy (NYSE:EE) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $259.82 million. Excelerate Energy had a return on equity of 4.16% and a net margin of 3.64%.The firm’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that Excelerate Energy, Inc. will post 1.16 EPS for the current year.

Excelerate Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Wednesday, August 20th were given a $0.08 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.32 annualized dividend and a yield of 1.3%. This is an increase from Excelerate Energy’s previous quarterly dividend of $0.06. Excelerate Energy’s payout ratio is 23.53%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Citigroup restated an “outperform” rating on shares of Excelerate Energy in a research report on Wednesday, August 13th. DNB Markets set a $31.00 price target on Excelerate Energy in a research note on Wednesday, September 10th. Wells Fargo & Company set a $26.00 price target on Excelerate Energy in a research note on Monday, August 11th. Jefferies Financial Group initiated coverage on Excelerate Energy in a research note on Thursday, June 5th. They issued a “buy” rating and a $39.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on Excelerate Energy in a report on Monday, September 8th. They issued a “neutral” rating and a $30.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.50.

Excelerate Energy Company Profile

Excelerate Energy, Inc provides flexible liquefied natural gas (LNG) solutions worldwide. The company offers regasification services, including floating storage and regasification units (FSRUs), infrastructure development, and LNG and natural gas supply, procurement, and distribution services; LNG terminal services; and natural gas supply to-power projects.